Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Shares Up 6.9%

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) traded up 6.9% on Thursday . The stock traded as high as $21.53 and last traded at $21.45. 1,403,403 shares changed hands during trading, a decline of 75% from the average session volume of 5,527,655 shares. The stock had previously closed at $20.07.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $949.38 million, a price-to-earnings ratio of 4.13 and a beta of 2.93. The company has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $21.67.

Institutional Trading of Direxion Daily FTSE China Bull 3X Shares

Large investors have recently added to or reduced their stakes in the stock. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $3,383,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $2,282,000. HCEP Management Ltd increased its position in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% during the 4th quarter. HCEP Management Ltd now owns 600,000 shares of the exchange traded fund’s stock worth $12,564,000 after purchasing an additional 100,000 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 1st quarter worth about $1,073,000. Finally, Aveo Capital Partners LLC acquired a new stake in shares of Direxion Daily FTSE China Bull 3X Shares during the 4th quarter worth about $1,132,000.

Direxion Daily FTSE China Bull 3X Shares Company Profile

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.